International News

  Bloomberg The French economy will grow only 0.2% in the second quarter after stagnating at the start of the year as companies face increasing difficulty getting supplies following Russia’s invasion of Ukraine, the Bank of France said. The share of industrial firms reporting supply issues affecting their output rose to 65% in the central bank’s monthly survey, the highest ...

  Bloomberg Spain will seek to tap European post-pandemic recovery loans, Prime Minister Pedro Sanchez said. Spain is working with the European Commission to tap “funds that are available as loans,” after having already received funds as unconditional grants, Sanchez said in an event in Madrid on Thursday. “We will seek to incorporate part of these loans to our recovery ...

  Bloomberg Denmark is raising its economic growth forecast for 2022 as the Nordic country’s strong labour market will help the economy overcome most global headwinds, according to government documents seen by Bloomberg News. Gross domestic product will likely expand 3.4% this year, up from the government’s main scenario in March of 1.6%, the documents showed. The economy will grow ...

  Bloomberg Swedish inflation surged more than expected in April, increasing expectations country’s central bank will have to speed up rate hikes it flagged last month to restore trust in its policy target. The central bank’s target measure, CPIF, accelerated to 6.4% on an annual basis in April, the highest level since 1991, according to data released by Statistics Sweden ...

  Bloomberg The Biden administration is working on a proposal to bolster economies in Latin America and strengthen US ties ahead of a key regional summit the US will host next month to help confront the challenge of fast-increasing migration. The proposed economic framework, still in the early stages, will address issues including so-called nearshoring and supply-chain vulnerabilities revealed by ...

  Bloomberg Apollo Global Management Inc. is in talks to lead a preferred financing for Elon Musk’s proposed buyout of Twitter Inc., according to people with knowledge of the deal. The funding, arranged by Morgan Stanley, will exceed $1 billion and may include Sixth Street Partners, among other firms, the people said. Shares of Twitter closed at $47.26 apiece, with ...

  Bloomberg Greek inflation soared beyond 10% for the first time since 1995 as Russia’s war in Ukraine heightened already spiking energy costs. A national gauge of consumer prices jumped 10.2% from a year ago in April, the highest since February 1995, driven by electricity and fuel, as well as goods including vegetables and transport, the Hellenic Statistical Authority said. ...

  Bloomberg Norway’s inflation accelerated more than expected last month to a new 13-year high, raising pressure on the central bank to speed up its interest rate-hike plan to more than one increase per quarter. Consumer prices rise 5.4% from a year earlier, the fastest pace since October 2008, according to data from Statistics Norway. Economists surveyed by Bloomberg expected ...

  Bloomberg Ukraine’s economy will plunge by almost a third in 2022, more than previously expected, in a scenario in which the war ends this year, the European Bank for Reconstruction and Development said. The forecasts assume that a cease-fire will be negotiated this year and reconstruction of the country can begin in 2023. , with the economy projected to ...

Bloomberg The UK housing market is braced for headwinds as rising borrowing costs add to the cost-of-living crisis stretching the affordability for property buyers. Mortgage lenders are following the Bank of England (BOE) by raising interest rates from historic lows. That’s making it more expensive to own a home at a time when prices of everything from energy to clothes ...